Central Banks and Financial Stability

Tommaso Padoa-Schioppa

in Regulating Finance

Published in print March 2004 | ISBN: 9780199270569
Published online July 2005 | e-ISBN: 9780191602542 | DOI:
Central Banks and Financial Stability

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This essay discusses the importance of central bank involvement in financial stability. The function of central banks occupies a place somewhere between monetary policy and supervision. Central bank involvement is distinct from, and complementary to, supervisory functions. Close cooperation and information exchange are essential for the successful execution of supervisory and central bank functions. Central banks should also continue to give advice on supervisory rules and policies.

Keywords: central bank; financial stability; regulation; supervision; monetary policy

Chapter.  22005 words. 

Subjects: Financial Markets

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